How you could make an arbitrage profit

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Reference no: EM13728750

You are working as a corporate treasurer and observe the following two exchange rates. Calculate, using $1 million how you could make an arbitrage (risk-free) profit.

Citibank NYC $0.9655 – 65/€

Barclays London $0.9648 – 51/€

Reference no: EM13728750

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